Domani Wealth, LLC is a large advisory firm based in Lancaster. It manages $1.07 billion of regulatory assets for 923 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Colorado, Connecticut, and 9 other states.
Domani Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Domani Wealth, LLC is $1.07 billion. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Domani Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John Francis Hensler is high net worth individuals with 398 clients and $898.21 million of assets under management. Among the 11 most similar advisory firms, Domani Wealth has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.07 billion for 923 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Domani Wealth doesn't advise any private funds.
The company employs 25 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 23 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
John Francis Hensler has been acting as President since 1 Jan 2015. Scott Douglas Michael joined the executive team most recently as the Chief Compliance Officer.
The principal office where Domani Wealth, LLC performs its advisory services is located at 1869 Charter Lane, Lancaster, PA 17601 5879 The mailing address of the firm is 221 West Philadelphia Street, York, PA 17401 2993. An additional office of the firm is in Hanover, PA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 717-393-9721 or by fax 1-877-496-2542. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at domaniwealth.com.